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MSNBC
Dec 5, 2012 4:00pm PST
conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is about -- it's optical illusions and face saving for republicans. whether it's the notion they may not vote yes but just present, which is complete smoke and mirrors or the fundamental argument which is closing loopholes is not a tax increase. of course it is. at the core this is about askinç americans to pay more americans to the federal government. this is just -- it's -- bill clinton called it kabuki theater. it's a way for republicans not to be ashamed and walk back the ideological core they've run on for the past few years. >> if president obama is able to come out and say i'm going to support getting rid of tax ducks for charitable organizations, hospitals, universities, religious organizations, i want to get rid of that tax deduction f he puts his finger -- his hand anywhere near that decision, he's going to be a loony toon every hospital, church, philanthropic in the united states, from the rockefeller down to the littlest catholic charity will fight that. they need those tax
MSNBC
Dec 4, 2012 3:00pm PST
deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were more tax cuts. president clinton handed him a $236 billion surplus. a surplus. and left office with a $1.2 trillion deficit. but he just had to keep those tax c
MSNBC
Dec 5, 2012 8:00am PST
work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's address so they've handed him a different microphone, the leaders inside this room can hear exactly what the president is saying but his audio is too low for us to be able to share it with everybody. we're still working on that. when we see and hear about the fact this two-step plan getting something done for the middle class by the end of the year, does this set up the scenario we live in a perpetual state of fiscal cliff loopness, this is the same old dog and pony show every six months to a year fighting over the same things and not big, bold leadership? >> i hope not, certainly if it's not left up to president obama and congressional democrats. president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we
MSNBC
Dec 4, 2012 5:00pm PST
deficit, create jobs. so we know we have to have growth. we know we have to make cuts. we know we have to have revenue. you can't get from here to there without it. so if you read closely what they have in their letter, even though it's bare bones, you have voucher rising of medicare, you have a return to the ryan budget, which priorities are not priorities that i think the american people share. >> rates, can there be a deal done with the rates not going up? >> no. i'm an appropriator for a long time in the congress. we used cough to have an expres. it's not the price. it's the money. this is not to be punitive on the people who make over $250,000. it's just to be fair to the entire country. you need that additional revenue in order to reduce the deficit and continue to make investments in growth. >> if speaker boehner says that, you know, we're not going to move on the rates, where are we? >> i hope that's just a bargaining position. but the fact is we have talked about it two step. do a down payment on cuts, on investments and on revenue this year and then in the next year, take the ti
MSNBC
Dec 10, 2012 1:00am PST
meaningful deficit reduction. and unfortunately, the changes in the tax code, which the republicans say they want to turn to, will start increasing taxes and cutting tax deductions for the middle class americans. >> senator, can i stop you on that point? i think that's significant. what you just said is what the president has said, is that we can't get enough revenue to solve the problem unless the rates go up. but wait a minute. last summer, in july of 2011, this is what he said about how to get to $1.2 trillion in revenue. listen. >> what we said was, give us $1.2 trillion in additional revenues. which could be accomplished without hiking taxes -- tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging in a tax reform process that could have lowered rates generally, while broadening the base. >> so if that was true then, senator, why can't he just do tax deductions? republicans say they would agree to that, and not focus so much on raising the top rates? >> david, we have set a target of cutting $4 trillion out of the deficit
MSNBC
Dec 10, 2012 3:00pm PST
are focusing on washington and on the budget deficit deficit and on the fiscal cliff negotiations. this is where the rubber meets the road. this is where it's actually happening at the state level. at the local level. this is where all of that money that was released into the political system by citizens united is actually now paying off. >> yeah, and that is what's frightening nationwide because citizen's united opens the door everywhere. and we're seeing them searching for a model on how to do this. that is why even the detroit free press, in an editorial, and, again, this is a paper that had endorsed governor snyder two years ago. it says the right to work champions, the determination to emasculate once and for all the democratic parties most reliable source of financial and organizational support. now, senator, let me say this to you. if they can get away with it in michigan, michigan has 671,000 union members, 17.5% of the work force, fifth highest in the nation. if they can get away with it in michigan, they feel they can just steam roll all over the country. >> i think ever
MSNBC
Dec 4, 2012 12:00am PST
obviously going to go avenue the middle class because given that we have a large budget deficit down the road and given that if we don't want to and they don't want to cut military spending, what's left? they will have to cut programs beneficial to the middle class. this is another example, this is a continuation of the war on the middle class that they started years ago. now it's becoming clear for everybody to see. it was very clear before the election, but we had an election. americans repudiated the republican idea. reverse robin hood economics and yet they are coming back with it. over and over and over again. i think the fact that boehner will not schedule a vote on the middle class extension of the bush tax cuts that the president wants, the senate has already passed this. boehner is under increasing pressure to schedule a vote on this and get it out of the way. once they do that, the game is over. >> nancy pelosi is trying to take care of that. she plans to bring a discharge petition to the floor of the house tomorrow. this would force republicans to openly accept or reject t
MSNBC
Dec 5, 2012 1:00pm PST
upper two brackets. and then this party that paraded around as the big deficit hawks, the guys that wanted to control spending, the only cuts they put on the table is playing at margins, increasing retirement age from 65 to 67 and adjusting rates for social security. this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion in revenue where we don't have to raise marginal tax rates and close loopholes and
MSNBC
Dec 7, 2012 10:00am PST
plan not just to avert the fiscal cliff, but importantly to really tackle the deficit and debt problems in this country. i am concerned that deal won't be big enough. is it going to be small or medium or big. we need a plan big enough to fix the deficit problems and make sure the debt is no longer growing faster than the economy. we're not going to be able to balance the budget in the near future because the fiscal hole is so big. you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the policy ideas are well known and we're now in this political negotiation where i think there's a lot of support for having them, if they're going to go through all this,
MSNBC
Dec 7, 2012 4:00pm PST
off this fiscal cliff, it doesn't make the deficit worse. it makes the deficit better. it would go a long way toward curing the deficit, but the deficit isn't the immediate problem for most people, the weak economy is. >> i agree. >> and if we dive off the fiscal cliff, the economy could get much weaker. that's -- >> by the way -- >> -- millions of americans. it's a problem for barack obama. >> just to back you up, i really think the great thing is the economy is just starting to lift up. the unemployment rate is really starting to come down. we're getting good job production. thank you so much, ladies, for coming on tonight. thanks for the sharp thinking we got tonight. >>> up next, if you can't win by the rules, change them. that's what republicans are trying to do in pennsylvania. they don't like the electoral college because it didn't work for them. come back for the place for politics. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools lik
MSNBC
Dec 7, 2012 8:00pm PST
deficit. it's just irresponsible to even put social security in a discussion as we are trying to get some kind of deal. medicare can, i think, be massaged in terms of means testing. with the upper income individuals paying more or sometimes all of their medical expenses. it makes no sense for the government to pay medicare costs for somebody who is earning $700,000 a year. a million dollars a year. so i think we can do some means testing. but by no means am i saying it the means test should be low enough so that our elderly and our poorest americans are going to pay for the deficit. but we want a deal. we want a deal. we'll deal with medicare. and keep in mind, i think this is very important. if the bush tax cuts are expired, as they will be, just as sure as today is friday, they are gone, that generates $950 billion toward the deficit over a ten-year period. we'd set aside $1.2 trillion. we're almost there. and if you do means testing on medicare, we make it. >> well, the republicans would never go along with that kind of means testing because that would hit the wealthier americans. that
MSNBC
Dec 2, 2012 11:00pm PST
long-term deficits down. tough spending savings is part of that, and invest in things that matter to the american economy, like infrastructure, and getting americans back to work. we think we can do that. we have a good chance, and it's very important. and i think we'll get there, david. >> do you think we'll get a deal by the end of the year? >> i do. because the only thing standing in the way of that is a refusal by republicans to accept that rates have to go up on the wealthiest americans. and i don't really see them doing that. >> the idea that they have signalled something significant for them, which is -- >> what is that? >> putting revenue on the table. >> it's welcome that they are recognizing that revenues are going to have to go up. but they haven't told us anything about how far rates should go up, how far revenues should go up, who should pay higher taxes. >> republicans have said that no republicans will vote for a tax rate increase. do you think they are just bluffing? >> i can't tell you what they are likely to do. all i can tell you is what we think makes the most sen
MSNBC
Dec 6, 2012 8:00am PST
is the problem? we cannot raise taxes enough to take care of $1 trillion worth of deficit spending every single year. so let's get off of this and get on to the other side and start talking about what we have to do to cut our spending, to reform those entitlement programs that are the debt drivers and then do pro-growth tax reform that will stimulate the economy, get the money coming in. it's the best way to get money coming in and that gives everybody a job and helps to take care of the fiscal problem and balanced is what we need. >> congresswoman diane black, thank you for joining me this morning. i appreciate your time. >> thank you. >> i want to bring in our political power panel. political reporter, karen tumult, karen finney and robert trainam. karen, since i know you the best, i'm going to call you k-fin as not to confuse everyone. it seems the taxes are going to go up on the wealthy. the question is whether or not it's through the tax increases or closing the loopholes and the deductions. so do you think that we are closer to a deal today than yesterday if. >> i do. in that
MSNBC
Dec 4, 2012 11:00am PST
the current deficits and debt. we need new revenues, and where should they come from? should they come from a middle class or working families that have really struggled or had setbacks in the last decade, or should it come from families that have done very well and can be asked to do more? if you look at the prosperity we enjoyed during the clinton administration when the tax rates were higher on upper income families, that certainly didn't kill economic growth. we have incredible economic growth during the clinton years. this same, tired argument that we hear time and time again that any kind of tax increase on anyone will hurt the economy, it isn't borne out by history. >> there are analysts that say both of these proposals are essentially for the base, and na in reality both sides know you'll come to the middle. you have johnny isakson who said earlier there's too much posturing going on here. what is your response that in relation the proposal from the white house and the president as well as from speaker boehner and the republicans were just for the base? >> they certainly a
MSNBC
Dec 5, 2012 12:00pm PST
the forcing mechanisms to make the government deal with the deficit? that's not coming from the markets. the bond market is saying here's the money you want and we're kind of creating these things out of nowhere to force us to deal with the long-term deficit problem but the short term markets aren't doing it. >> neil, talk about these markets you speak of. i want to play a clip of maria the other day. >> the markets right now are expecting a deal. the markets have been trading fine. if we don't gate deal, we are going to see a sizable decline in stocks. we are going to get a big disappointment. >> markets will be disappointed. the markets have expectations. who is this mr. markets that is endowed with the personality anç expectations and is this monolithic creature that will respond to, you know, what's going on in washington? are we giving the markets a little bit too much personality here? >> well, yeah. i mean, obviously the market is millions of people and institutions all over the world deciding whether to buy stocks or bonds or whatever but more broadly, you know, it is t
MSNBC
Dec 6, 2012 12:00am PST
certainty to the middle class. then we can work in earnest together to reduce the deficit in a balanced way that will make sure we don't first throw the middle class under the bus. that whatever we put forward have spending cuts and revenue that is going to take care of the middle class and make sure that we have spending cuts and revenue that ensures that they're fair and that the math works. there has been no evidence thus far that the republicans are interested in doing that. >> this has been the perfect opportunity for them to step forward and show some leadership. the majority of americans do want this right now. congresswoman, the president has asked you to stay on as d next c chair. what is the way forward for the democrats? what's happening here? >> well, we need to continue to focus on rebuilding our economy from the middle class out. president obama talked eloquently and passionately during the campaign about making sure that we can get a handle on this deficit, that we can rebuild our economy from the middle class out, that we can focus on creating jobs and getting the econom
MSNBC
Dec 4, 2012 3:00am PST
where george h.w. bush went in there. we forget now how incredibly overwhelming the deficit story was at that point. you know, you look at that administration. the coming in, just no one thought they could do anything. it's not unlike the conversations we're having now. and they went in, they did the deal, president bush had to shift from read my lips to as only he could put it, read my hips. and it was good for the country, it created a political dynamic that cost president bush the election in 1992, and which we're still living, because that gave us grover norquist, et cetera. >> let's get to grover norquist in a minute, but i do have a question. the gop plan consists of $2.2 trillion in savings over a decade. that includes raging the eligibility age for medicare from 65 to 67. and lowering cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> no
MSNBC
Dec 6, 2012 3:00pm PST
more problem solvers that are willing to come together like the deficit and job crisis that we continue to want to tackle. so i think you do see him saying, hey, i have this idea. we're going to take it by the storm. it didn't work. the president is still standing and moving forward. and i think there's some in his party who are eager to try to get a balanced approach and prevent us from going off this cliff which would be a very serious thing and we're right up against it. >> don't they have, joe, a real civil war going on in the republican party when you have on one hand sarah palin open fending the tea party's role saying on facebook, for all this new talk about how the gop needs a populous movement, it would do them good to remember they already have them. it's called a tea party movement and it won for them the majority they now enjoy in the house. this is palin. but on the other side, the "new york times" says today that boehner has consolidated his grip on republicans in the house. the times says many house republicans appear to view mr. boehner with the same sort of res
MSNBC
Dec 8, 2012 11:00am PST
americans no matter what. >> if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> meanwhile, on the other side of the aisle, republican senator marco rubio gave the weekly republican address today. part of his message? the tax rate should not go up on anyone including the top 2%. >> we must reform our complicated, uncertain, job-killing tax code by getting rid of unjustified loopholes. but our goal should be to generate new revenue by creating new taxpayers, not new taxes. >> joining me, author of "the escape artists: how obama's team fumbled the recovery." david nakamura is with us, as well, from "the washington post." good to see you. what's your read on this, first of all, both sides publicly giving the impression they are sticking to their guns? >> yeah. i think in the past week you've seen so
MSNBC
Dec 6, 2012 7:00am PST
. >> alan simpson, the co-chair of the president's deficit commission, was on the "today" show this morning and he said all this talk about either side being able to go off the cliff is ridiculous. let me play that for you. >> when you have leaders of parties and people from the administration saying i think it would be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big time stuff. >> and there's also a question of how far the white house is willing to go to protect middle class tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in
MSNBC
Dec 10, 2012 8:00am PST
implementation of it, is key to reducing our overall health care spending and reducing our debt and deficit. >> sir, i want to get you on the record about this. as you said, michigan is the home of the american worker. but there are more protests planned in your state today over the controversial right to work legislation that the governor there, rick snyder, sparked this political firestorm when he announced last week he'd sign a bill requiring workers to financially support unions. it could happen tomorrow. moments ago you and your michigan colleagues gave a news conference on this. are you concerned this is going to turn into another messy situation similar to what we saw play out in wisconsin last year? >> here's what i'm concerned about with right to work. is that, number one, it'll end up cutting wages and benefits for middle-income workers who really need the money right now. they're still struggling with under water mortgages, with their kids facing all the student loan debt that i've been fighting to reduce, and also our middle-income families, when they have enough money to take c
MSNBC
Dec 3, 2012 9:00am PST
frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean it's not an option for us to just sit by and do nothing. >> that was president obama in the summer of 2011 speaking the hard truths about entitlements. it did not exactly play well for him then and he's been largely quiet on the issue since, perhaps because for both parties talk of cutting social security and medicare hurts a lot. >> there's a pain point that democrats have to reach as well. it's not just republicans. that both sides have to be able to get to the end of this things and say, yes, the president won re-election but there is nobody that gets away with this thing without feeling pain. >> and there are some on the left who hope to get through this without having to go under the knife. adam green, co-founder of the progressive change campaign says -- yesterday on abc's "this week" congressman keith ellison squared off on the issu
MSNBC
Dec 3, 2012 2:30am PST
for the score. colts cut the deficit to five. four seconds left. colts still down five. fourth and ten from the 14 yard line. this is the last play of the game. here's iron eagle with the call. >> here we go. final seconds. luck steps, luck, a little flick, donnie avery, he's in! touchdown! indianapolis has done it! >> peyton who? the lions in absolute shock on the sidelines as time expires. luck throws two touchdowns in the final 2 1/2 minutes to get his team the 35-33 win. colt s improve to 8-4. nobody thought that would happen. just the latest letdown for the lions who lose their third straight. they had the lead in all of those games. >>> the jets hosting the cardinals, what a matchup. mark sanchez desperate for a decent performance. first offensive play of the game. sanchez, off the play fake. i think 101, barnicle, is that when you're in trouble, don't throw a high ball over the middle. kerry rhodes coming down with the easy interception. would only get worse for sanchez. he'd throw two more picks before halftime. in the third quarter, rex ryan had finally seen enough. tim te
MSNBC
Dec 6, 2012 3:00am PST
views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up, not ideological about how, but most of all, wanting a big $4 trillion package. and so they have become, in effect, allies of the president. they're really trying to get to the same place. at some point there may be differences over how much entitlements, how much this or that, but right now their interests are aligned, and they both agreed to be friends again. and so they've spent a stream of business ceos into the white house. the president -- yesterday the business roundtable and gave a very warm and accommodating speech. and they are comrades in arms, the least for the time being. >> willie, what a big difference from what we heard from business leaders for the first four years. this is a pretty dramatic shift. >> or even just a few months
MSNBC
Dec 7, 2012 3:00am PST
. and you're leaving the parts of the budget that blow a hole in the deficit and destroy this economy over the next 20 years. >> by the way, we won't go over the cliff for all the reasons we're talking about. even if we do, my friends on the street tell me, it's not a disaster. it's baked in. because we're going to get it done even after the fact. so you're talking about a few points in the market. >>> we're just moments away, joe and i will be removing -- >> oh, no! there it is! >> ow! >> it's all for a great cause. >> i don't know if it's that good. >> i don't know. is this going to be good television or kind of yucky? okay. we'll be right back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ lord have me
MSNBC
Dec 8, 2012 1:00am PST
have the clock. let's do it. the argument for cutting 65 and 67-year-olds out of a deficit talk is simple. it saves money. the keizer family foundation estimates that when it's all said and done, the government could save $5.7 billion. but those 65 and 66-year-olds don't disappear. they are still going to be here and get sick sometimes which means the savings we'd see by kicking them off they pop back up elsewhere in the economy. it's not pure savings, it's a cost shift. you're going to see increased costs for seniors who will have to find another health insurer since it uses power to pay less by quite a bit. the seniors turning to private insurance will have to pay more from the same coverage. 3.7 billion more in the first year of the policy. for those who are eligible for medicaid, will move to the states, we think. then there are the employers. many of the ineligible will turn to their employers. that will increase the health care costs of companies by $5.4 billion. some of the seniors will turn to the affordable care act in the insurance exchanges. those left in medicare will p
MSNBC
Dec 10, 2012 9:00am PST
. so, yeah, this is something that's going to be put on the table along with the deficit increase and the debt limit, and so, yeah, i think boehner and others have that -- those cards that they can play. the problem is you've got right in front of you the more immediate concerns before you even get to the discussion about unemployment and insurance and the cost of those programs, the money that currently goes on-line or comes own line in terms of fiscal cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get in the room and negotiate the deal because he knows he has all these other, you know, arrows in his quiver that he can use. >> i just -- i think
MSNBC
Dec 6, 2012 12:00pm PST
seducer. members of congress got together and gorged themselves at the table of deficit spending ordering up porterhouse sized tax cuts for their riff friends and a heaping helping of extended unemployment benefits for their out of work neighbors, something i support, by the way. now the bill comes due, and when it's time to whip out the national credit card, you whisper your sweet notion into the tea party's here and the gop threatens to dash as a matter of principle. who wants to put $16 trillion on the national credit card? who is pro-debt? no one. gop extremists get to pretend they're the adults in the room railing about spending that has already happened that they agreed to, and the best part you naughty, naughty, debt ceiling you, you offer them up a chance to get more goodies in the form of more tax cuts or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits,
MSNBC
Dec 6, 2012 10:00am PST
, total money that that comes in is just a small drop in the bucket so the size of the deficit from last year alone. it's less than 10% of what we're overspending. we now have 16 trillion in debt on the backs of our children and grand children. that is the biggest threat to our national security and nation's future. >> quickly, some republicans have whispered privately, some not privately, they believe president obama, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people on both sides of the aisle but when you have howard dean, the former chairman of the democratic national committee, you have patty murray, who ran the democratic senatorial committee encourag
MSNBC
Dec 4, 2012 8:00am PST
deficit is not that the rich is not paying enough taxes. >> what is going to come from the left? because david brooks from the "new york times" made this observation. republicans have to realize that they are going to cave on tax rates. the only question is, what do they get in return? as we know, tax rates are a must-have for the president, the revenue there as alfonso was pointing out, revenueses are on the table. what are democrats willing to put on the table in return for that in a form of concession or perception of concession? >> i think that the democrats are prepared to meet them halfway. but let's be very clear and i want my colleague to hear me as well, we're not going to relate gate the campaign. the president ran on the seminol issue that he will raise the tax rate on the richer americans. it's very clear. your party ran on a very different story. you guys lost. the president is putting forward the plan that he ran on. he's come to the table with a very detailed plan. let's be clear, this is not a parliamentary system. the president is not a member of congress. is he a presid
MSNBC
Dec 4, 2012 1:00am PST
falling back. we are in real danger. the deficit is not the biggest problem in the country. the deficit is shrinking by hundreds of millions of dollars every year the president has been in office. to the extent we need to use debt to accomplish other goals, you may not like the idea in the abstract, but debt is cheaper now than it has been in a long time. focusing on the deficit is like arguing about the color you might paint your car while you're crashing that car into a tree. in washington the republicans are arguing about not a pretend problem but something that's a secondary problem. a problem that has no need to be the one problem we wreck everything else to solve. if you look at the real economy in the real world, outside of t stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody
MSNBC
Dec 2, 2012 5:00am PST
somebody. on the state side, when i got elections a $3.65 billion deficit. the worst in the nation. i quickly realized it's too large to tax your way out of or to cut your way out. it had to be a combination. that portion hasn't happened to the extent we presumed it would. this year, we have to trim expenditures by $365 million more than we otherwise would have. but, the grand bargain with the public is, to maintain a level of service they have a comfort level with. to not overdo it, not overextend ones self. >> when grow to voters and say, we are going to raise taxes, what is the pitch? >> i did 14 town hall meetings, no, 17 town hall meetings and got yelled at at every single one of them. we had a conversation with the public about what are the options. if you are talking cutting a budget by 17% because that's what the revenue short fall was, they quickly understood, you can't cut a budget 17% in a single year and sustain the level of services that allow their children to be educate and their mother and father remain in a nursing home and receive benefits and so see bridges and road
MSNBC
Dec 8, 2012 4:00am PST
morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just can they get there, do they have the political will to get there. more importantly, alex, do they have the votes to get there in the house of representatives. you heard the president. he says no compromise on this issue of raising taxes for the wealthy. there's one glimmer of hope, how much to hike taxes. as you know, clinton tax rates for wealthiest americans were 39.6%. that's what's going to happen at the beginning of the year. right now they are 35%. the president
MSNBC
Dec 6, 2012 1:00am PST
technically correct, how to cut the deficit in the medium to long-term so as to avoid an immediate and dramatic cut in the short-term. yes, that's right. now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what john boehner is advocating is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wa
MSNBC
Dec 5, 2012 1:00am PST
deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately, the speaker's proposal right now is still out of balance. >> sometimes you hear a sound byte and it sounds like the normal talking points of the campaign that you always here, you're always hearing politicians saying the same thing. but listen again to that last thing that the president said there. >> unfortunately the speaker's proposal right now is still out of balance. >> speaker's proposal is out of balance. empirical statement, sort of. there's a way to judge whether or not that statement is true. what's happening in washington is both sides, republicans and democrats, are making offers and counteroffers about how to deal with the fiscal mess that they created. this artificial debt line that washington created. the white house made its offer to republicans last week. they sent timothy geithner up to capitol hill to unveil the administration's offer to congressional republicans. the offer was essentially a mix of tax hikes as well as spending cuts the democrats are
MSNBC
Dec 9, 2012 9:00am PST
deficit reduction. unfortunately, the changes in the tax code, which is republicans want to turn to will increase taxes and cut tax deductions for the middle class americans. >> all right. joining me now, contributing editor for the daily beast. we just heard from democratic senator there. does that sound like any progress has been made? as we talk about 23 days, that doesn't take into account we are looking at december 21st. if you happen to watch that on television, it looks like both sides are hardening. the cement is getting thicker. there's a growing recognition on the republican side that they have lost the debate over the higher tax rates and that those rates will go up. and there are lots of other tax increases that aren't getting the public attention. the rate at which capital gains are taxed. the rate that is paid on dividend income. i'm stumbling over my words because i don't have a lot in that category. i think the republicans are willing to move there and there's money there. the president has been more forthcoming on entitlement reform in the past. he's going to give a litt
MSNBC
Dec 2, 2012 9:00am PST
over the fiscal cliff. it maximizing the deficit reduction. there's no deal cut between republicans and democrats. it's not going to reduce the amount of money coming out of the deficit by a lot. so if you do that, you go back to the clinton tax rates, cut some defense and we have a short, mild recession for two quarters. we have to get serious about the deficit e. i have no belief that the congress is going to get serious about the deficit. so tom cole was right because he wants to get the republicans back in the mainstream. but the best thing the country could do is go over the cliff. >> timothy geithner doesn't agree with you on that. >> he may or may not. but i looked at this a lot of ways. the people inside washington are awfully smart and awfully out of touch. we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff. >> let me qu
MSNBC
Dec 7, 2012 2:00am PST
an overall deficit reduction plan, because if you don't get those additional revenues, but you also try and reduce the deficit, you end up whacking everybody else much harder. and so, it's really important to have that revenue number as high as possible. >> sure. >> look, the president's already been clear, ed. on cuts, he will continue to implement over the next ten years over $1 trillion in cuts that he agreed to as part of the budget control act, 100% cuts. and at the time, he said we've got to come back and do revenue. he "life & style weeklalso call billion in cuts and laid out exactly what those should be. >> catch "the ed show" here at 8:00 p.m. eastern on msnbc, the place for politics. >>> well, new jersey governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late
MSNBC
Dec 9, 2012 5:00am PST
idea is republicans have been making noise for the last few years about the deficit. democrats have mimicked the noise. yes, we have a huge deficit problem. you get in public opinion polls, overwhelming majorities say yes. they look at the polls and respond to it. something similar happened on medicare. we have the notion of there's a medicare crisis. there's an entitlement. this is a health care crisis. >> i really need to say about jonathans piece. i am liberal, but that is the worst example i have heard. take people out of a popular -- i hope this is not the white house position. take people out of a popular program that works and they love, put them into obama care that is not so popular and they don't necessarily love. take away something they like and give them something liberals think they should like. >> the right question is, the portuguese have an average income lower than ours with universal health care. it costs two-thirds of their economy compared to our economy. we are having the wrong discussion. here is the program. start by lowering medicare is an option to 55 or 40
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